Cohen Milstein Sellers & Toll PLLC is investigating Western Milling for its ESOP’s initial purchase of the company’s stock from the shareholders for an inflated value, causing a multi-million-dollar loss to the ESOP.
The Western Milling ESOP was formed in 2015 to purchase the company from the CEO and President. To make the purchase, the ESOP borrowed $244 million. In December 2015, as required by the U.S. Department of Labor, the stock was re-appraised and had lost 89% of its value in about seven weeks, dropping in value to only $26.6 million.
If you are a current or former employee of Western Milling and are or have been vested in the Western Milling ESOP, you may be affected by Cohen Milstein’s investigation.
If you are interested in learning more about this investigation or about how you may be affected, please take a moment to fill out the questionnaire below and we will contact you within two to three business days to schedule a phone call with one of our attorneys.
Dirk Hamel, Paralegal - email@example.com
Cohen Milstein Sellers & Toll PLLC
1100 New York Avenue, N.W.
Suite 500, West Tower
Washington, D.C. 20005
Tel: (888) 240-0775 or (202) 408-4600
Fax: (202) 408-4699